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tv   The Dylan Ratigan Show  MSNBC  May 17, 2011 4:00pm-5:00pm EDT

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that jeopardizes not only his own standing but that of the nation as a whole? i could be wrong but i have a suspicion that the head of the imf and former governor of california would give anything today for a little less drama. thanks for watching. dill ran rat began pings things up from here. >> thank you martin. they may be catching on to the banks and the show starts right now. well the big story today, showdown, from main street to wall street taking action against the nation's biggest banks for their role in the ongoing disaster and precipitous decline in tax revenue caused by the financial crisis. good afternoon to you. i am dylan ratigan. gloomy weather in new york but also signs the clouds may be
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breaking on foreclosure and that america's fiscal condition may be brought it its knees. first no ohio where hundreds of protesters descended on the j.p. morgan shareholder meeting demonstrating against the bank outside and inside confronting the big boss, jamie diamond, over what they call unfair labor practices. in new york, eric snyderman making a promising move. instead of waiting for federal, state and civil suites to shake out, snyderman is going it solo, opening an investigation into three of wall street's biggest banks for their handling of morgan securities operations during the big credit scam. for too long the anecdotes and accusations have been ignored. now finally investigations and new evidence that big name lenders are not only cheating american homeowners but swindling and have been swindling the american government as well.
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the huffington post exclusively gained details from the audits of the five biggest mortgage companies. in those documents, accusations that lenders are effectively treat cheating taxpayers in the bank's handling of foreclosures and in the bank's handling of government-backed loans. now if we wait to see if the attorney general holder files charges we may all die and roll over. but fortunately there are a few attorneys general in the country who have the courage it take on the daunting task of dealing with the corruption of american banking and american government. could we at long last be at a turning point in the shell game that is american finance and its relationship with government and housing? joining us now is a man leading the o protest today in ohio george gale executive of the national people's action which works for economic and racial
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justice. george, what was the goal of today's protest? >> it was really to take a message it jamie diamond and j.p. morgan chase and say enough is enough. you guys crashed the economy. years later you have done nothing to fix what you have broken so it is time to fix the principle of the hundreds of thousands of mortgages cut out predatory lending and start investing in small business in america. >> the great resistance is to do any debt write downs. the banks would suffer tremendously in any negotiation like that. do you have any thought that you or any attorney general will ever get tlem to let their cold dead hands off of that principle which is really for any of people the difference between survival and failure? >> i think we have given them more than enough gifts and it is time they return the favor to american people. we put the pressure on jamie
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diamond with j.p. morgan as well as bank of america. >> what would you like to see him do? >> i would like to see him aggressively investigate the banks and not be like some of the owner attorney generals who have been taking money from the big banks -- >> you mean tom mill sert guy settling the banks and as soon as he announced banks he started collecting money from the banks and then decided it wasn't a problem. i thought that was illegal. but anyway. it is funny to watch. >> if is t is not illegal, it should be. american homeowners shouldn't have to wonder if the elected official leading the investigation is more accountable to the banks or to the people he represents. it is real problem in america. >> yeah. it is -- i laugh because i'm over crying, george. that's pretty absurd. if you look at the relationship between the collapse in american revenue, the past few years. that has come as a direct result of the spike in unemployment and
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collapse in the housing market, do you think that most people in america understand how directly responsible for our deficit crisis the banks are in driving that houses bubble in unemployment collapse? >> i think people really do. i think a lot of people think we are in a revenue crisis. and that the banks both crashed the economy. but they also continue to strip wealth way from americans and the economy. we need to take on the financial sector, take on wall street and hold corporations accountable in a way we haven't in the past. >> you know, as you know, george, i don't have it in for the banks one way or another. i just believe in banks that are allowed it fail and have to make money by lending. i don't doubt you disagree with that. we see more dysfunction in the country from the banking system because we don't have investment in our country. is there a banking model that you see in the world that you think is better? >> i think we need to get banking back more to the
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community level. there is a time that if the bank wasn't doing the right thing in your city or neighborhood, you could figure out thousand get a meeting with the bank president and the bank president lived in that city or community. today when we came to j.p. morgan chase shareholder meeting, we had to figure out thousand cross a mote. they the ten bleefrs to every -- ten police officers to every banker there. they are gated off and do have to deal with everyday americans. we have to figure out how to move pour more capital where everyday people have real access and real control with it. i agree with you, if banks mess up that level, they need to fail. if american people mess up that level, pay a price for it. i think one of the biggest most popularite idas is busting some of the guys up. because they have clearly gotten too big and it is dangerous for all of us. >> listen george, it's a pleasure. good look with your efforts. george goehl, trying to add to the volume of the voice that is
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the injustice and ditraction of wealth from america from a government funded multitrillion dollar giant banking system. we don't get the investment, we don't get the lending and the top of the banks get more money than ever imagined. i want to bring in former chief economist working inside the white house which is the incredible perspective. jarod be with you should know, is an old tv front of mine over the years, an as set manager i have had a tremendous amount of respect for. it is nice to see you jarod. how are you? >> thanks dylan for having me here. >> i agree with your assessment of the playing field. i want to talk about the dissorted framing of the debates. if we wouldn't mind, what are your thoughts on the efforts to try to renovate our banking system)qbz6bhj
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appropriate. so the fact we are having a more popular discussion about these issues, is critical. and by the way, i know eric snyderman a little bit. he is a guy to watch. very courageous, very snart guy. >> what would you like to see him do? >> i think the attorney generales have a very unique opportunity to really bring some justice here to the foreclosure situation. as the earlier speaker said, reducing principal is one really important way to help a stabilized market and get some of the sludge out of the system.
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dylan you said something i don't wholly agree with. you say if banks reduce the principal they would be hurt. in many cases that principal isn't even really there. if you quote mark to market, if they acknowledge someç of the stuff they are holding is always nonperring loans they would be better off in the longer run. so a guy like schneiderman probably has his head in that space. >> i don't disagree with what you just said that accounting value of the as sets is not actually there. at the same time, isn't the way the system has been able to junction so well the past few years despite all of the dysfunction because we have effectively allowed this accounting fraud or this accounting relief so that you don't have to account for these things? >> there's two sides to that. i mean, what you just said is essentially correct. on the other hand, i think what we did when we were -- when i was at the white house, some of the things i know look really
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terrible to a lot of viewers and a lost folks -- >> and me. >> and you. it really did help do one thing really important, which is bring the credit system back. we can talk about ways that it could have been perhaps more efficiently but that was a pretty inexpensive way to get the credit system back up and running. now on the housing side, i'm with you, man. i think there is a lot more to do there. >> i guess the only thing i would dispute, you made some good points and i want to get into it. the expense of unemployment and hit to revenue is more than is accounted for in the balance sheet. you know what i'm saying. >> you're talking to a guy who thinks precisely along those lines. but let's remember, under any other, if you nationalized everything -- >> i know, listen, ways there. gentlemen have to improve it from here. we have to agree to improve it from here. >> exactly. >> we could go for years on that one. >> under any scenario you are
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looking at very high unemployment. >> let's talk about your blog and the reason why you left. i don't know if i have the full screen but i will paraphrase it because i agree with what you said. we do have it. you said i left because i was frustrated. not because of what was going on insideç the white house but wl was going on outside. the ek economic policy is way off track and stakes are as high as can be. i don't know if it is in this full screen, you went on to talk about the role of misinformation in the debate. elaborate a little bit on your thinking here. >> oh, that's unfortunately all too easy. practically everyday someone is saying, if very slash the heck out of spending today there will be more jobs tomorrow. if we -- if we cut spending and leave revenues off the table, that will be favorable to the economy, to interest rates. if we allow the tax -- the bush
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tax cuts to sunset, as president obama wants to do, at the high end, the 250 plus, that will bring economy to its knees. no evidence for assertions like that and tons of great evidence going exactly the other way. it was often hard to get that message out as early as i'd like to, when i was in the bubble. and thanks to opportunities like this one, i'm hoping to be able to do that more. >> i would love to help you because i believe misinformation is the core problem with the totality of the debate. so i share your assessment and would love to explore this further with you. i will let you go with one last thought. >> sure. >> i forget who said this. but it struck me. he said when you suspend fact in arithmetic from the debate, you know longer have a democracy. >> yeah. you know, one of the things i wrote at the end of that blog was, i happen it have a tremendous amount of faith. it is faith that's again, based
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on evidence in the american economy and flexibility and institutions. but once you start saying up is down and you makeç up facts, those institutions are are risk. this debate of size and roll of government is critical to our economic well-being, living standard and won't be good if we get it wrong. >> it is good b doing what you want to to do. >> bingo. about a smart efficient government. the only way we will get there is by bringing facts to the table, not by making up stories that have no relationship to reality. the idea if you tweak marginal tax rates one way or the other you will cut the legs out. there is no bearing for that kind of discussion. i think bringing facts to the table is what this has got to be about. >> i would be delated to continue this conversation with you into the summer.
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jared bernstein, former economic adviser to vice president biden. congratulations fon your decision to maintain a public voice on all this. >> thank you dylan. >> still ahead this hour, monopoly, more than just a game. how the lack of competitiveness in everything from bafrpging to energy to healthcare is crushing everything. from jobs to the very basic human necessities of taking care of people. more importantly, we will talk about how to fix it. necessary but first from glitz and glamour to the slammer. a look at strauss-kahn's new digs and why the french are so darned peeved at us. the new earth. science may have found the first we lce to the 21st century. thank you very much. you're on e-trade. huntin' down stocks, bonds, etfs. oh i love etfs. look at you. why don't you show me your portfolio? i'd love to... i already logged out. oh no, it's easy, actually, to get back... see where it says history? there's a history?
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good morning, students. today we're gonna continue...
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>> all right, developing on capital hill, the senate with a couple. bills. there is a vote on the democrats proposal to end tax breaks for big oil. majority leader harry reid says that will save 21 billion over ten years that's 2 billion a year. debts are around 14 trillion. anyway, it's a point. he says every penty counts at the gas pump. he is right about that. >> we have to do something about the gas prices and the best way to start with that is to to do something about the five big oil companies. >> americans aren't interested in escape goats they just want to pay less to fill up their cars. >> the second vote is tomorrow. the one to extend off-shore
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drilling in the gulf, the odds of passing are slim but it is good pro wrestling and we have folks to discuss the realç isss with our mega panel. former ndy communicatees director karen finny. . we call them susan, karen and jimmy around the office. >> those are our names. >> can you get susan, karen and jimmy to come over? >> at least they are names can you use on tv. >> right. >> my point on this is very simply we are the most inefficient energy country in the world. we are at a statement that as eisenhower, sure we can drill for more oil, we can do a lot of things, why do they not deal with the fact that japan is at 90% we are at 30% germany is 90%. we are just pumping it to burn it out our windows. it is confusing me.
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>> you shouldn't be confused. >> why not. >> they are making it so americans are more efficient when it comes to energy production. solar, air, your windows, app aappliances, car, you made it it. >> if the power generation facility is belching waste, if the power grid is belching waste, if every automobile on the road is belching waste, whether i'm burning sunshine or gas, if two thirds goes out the window, isn't that a government issue? >> yes but the government is supposed to encourage people to make it more efficient. you can't do that when you are slashing 4 trillion, $6 trillion because we have a quote run away deficit. i just want to put it out there. >> you say the cutting culture is the barrier to the efficiency solution. >> i'm saying you can't have it both ways. we need to spend to have people be more efficient. >> okay i got that. >> i this is goes to the broader
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hypocrisy. no one wants it hear the truth. the president has been saying we need -- we need an energy mix. :ñ why do we always get stuck n fuel source mix debates. >> because we can't even get past that. >> but what i'm saying is table the fuel source mix debate and be honest about the fact that this america is stuck in 1950. the rest of the world has moved to 2011. they do not burn two thirds of their energy. in china, brazil, germany, japan, singapore, chile. only we do it and we do it -- >> interest here in the united states, any time we get anywhere close to it -- >> i guess that. but listen, where there there is a portal we have to break the brick wall. >> a lot of people say we should change regulations to do this or that. i think what we need to start focusing on is perhaps wipe the slate clean. say these are the regulations.
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same thing when it comes to the vote. let's change the tax code to get rid of subsidies. but look at everyone. not just where you get headlines from. and if you go down to energy, then fine, let's talk about regulating p but let's not add more regulations. >> setting standards where hey, if you are an industrial power facility and you belch two thirds of all of the energy that you burn whether from the sun or natural gas we can't have that because we are funding two sides of a terrorist war that is with that money. we should get utility. but we're not going solve this here. >> we don't get to that conversation. in part because things are so divided in washington, you can't have the conversation about let's clean the slate. >> because of folks in jimmy's position. >> oh, yeah it's his fault. >> $3 trillion of our deficit is because of tax cuts. 3 trillion. 3 trillion of our $14 trillion is tax cuts. but i thought tax cuts spurred
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economic growth. if they do then tell me how they -"ayrñ that goes to jared bernstein's point. whether you are conservative, progressive, libertarian, you have to make the distinction between those that are serious and those who are not serious. i think collectively, the only clans in this format that we can move forward. speaking of serious, only briefly though, conspiracy theories surrounding dominique strauss-kahn's arrest, alibi reports saying he was at a restaurant with his daughter, all this and that. is there anything beyond the sort of both horror slash titillation slash sort of outrage of all of this that i should care about? >> you know, one thought. it is interesting to me that we have three stories where you have three very powerful men. you have the senator, you have this story, where they are in power and the women all in
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positions of is you board nation. and i think that is something that has actually not been talked about as much as the scandal, the money, the this and the that. there is a problem when women are being treated this way. again i think in french culture he is of a certain social economic status. they is an immigrant so she is a certain social economic status. in parts of france, that's acceptable. and that's completely unacceptable. >> i wouldn't say that i would argue, that is an age-old problem. i don't mean that in the rape sense. i mean in the sense of powerful men with subordinated women -- >> using their power. >> using their power but having inappropriate sexual con tracing tagss has to be solder than the samurai and everything in between. we have to be honest about the fact that this is a problem and we can't have these guys running around acting like it's not not
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a problmm because it is a problem. >> i was going to say, that probably one of the reasons this has become so high profile. have you a very rich influential foreign man having an attack in the united states, in new york city. an immigrant woman. yes, that's the headline. and i think it does play into karen's point a little bit. but it is just keeping the news stories up. >> there was a time, i would like to go back to king aurj you are, but their obligation was to protect women, not have sex to with women. >> well it was okay to have sex but not -- >> dot dna test. if he did it, throw his ass in jail. if he didn't, let him go. why are we talking about cut backs w tax hikes. taking food from poor people. are you kidding me? these are our choices? instead of ending the monopolies at the core of american business
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>> all right in the monopoly board game, the top hat, thimble, the shoe horn are iconic game pieces. but if real life the pieces are corporate america and they are playing for keeps. whether it is american banking, energy or healthcare monopolies. we as a nation spend more and get less in return while same you will tanusually those with the -- simultaneously those with the monopoly benefits turn record profits. the government gives trillions if you count the fed and let the lending market has been terrible particularly for small businesses for years. our nation's efficiency rating is only at 34%. thank you, president eisenhower. meanwhile, there are almost no viable alternatives.
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and when it comes to health, the world health organization ranks our healthcare system as the single most expensive in the world. but 37th in quality and if you look at the legislation it has an explicit exemption to be a monopoly if you are in the health insurance business. it is legislated as such and and susan, i sit here listening to people who want it raise taxes. >> i want to have the answer. >> i want you to fix it. can you fix it? >> no. you talk about the companies, probably that racer car on the monopoly set, they are all racing around trying to get to as many elected officials as they can, getting their agendas going. >> with jimmy's help. >> with jimmy's help. >> the lobbyist are not the problem. that's not true. the lobbyists are giving money for a prksç proxy -- >> i guarantee you if you take
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that there not be a monopoly. >> i think this is the corps problem. i think who is the best for monopolies. who do i know who had the take on monopolies and win. in business. >> good question. >> richard branson. british airways, monopoly airline, screwed this guy 50 ways. you understand, they were -- not just on the gate access and this kind of stuff. they were screwing him every way that you could screw somebody. as a monopoly. but he he won. so i figure we would try to call richard up to see how to solve this monopoly problem. let's sigh if i can get him on the -- >> on the horn. >> this is a big time guy, we got to get him on the horn. >> richard are you there. >> hi, who is this? >> this is dylan ratigan from nbc. i was trying to solve the monopolies of the world. >> is that the -- >> yes, the only dylan ratigan
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that i think exists right now, at least on the third floor at nbc. >> nice to talk to you. how are you? >> very good. >> so you understand my basic principle. obviously, myself and many look up to you as someone who took on monopolies and won. am i wrong in asserting that a lot of the dysfunction is the result of deviants from the american values and global values in fair play. >> you certainly aren't wrong. the only way that companies get better is to have lots of competition. and the only way that the consumers get a better deal is for there to be lots of competition. and competition is good for everybody. >> at the same time, businesses and you went through it with ba, can find itç much easier to ma money by avoiding competition than by joining it. >> the problem is that businesses can get away with it,
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they will do everything they can to get rid of their smaller competitors. and the smaller competitors have to fight to be better to survive. but the competition authorities have also got to be better and you have situations like you know, in the airline business where ba and american airlines have just been allowed by the department of transportation to you know, create the biggest merger in the world. that can be an interest to the consumer. the big airlines like that should be told, get on and compete. >> why do you think the competition authorities are so compliant with whether it is aviation, healthcare or energy. >> well in the competition authorities don't have much say bizarrely over the airline industry. it is much more political. it is the department of transportation that, you know, that has the say on issues like this. the competition authority should, you know, should be
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given full reign over all issues so that they can make sure that you know, the companies don't get away with it. and you know, and companies put up a lot of good reasons why they should be able to set fares et cetera, et cetera. a good government, the principle job of a good government, is to you know, give a lot of authority to the competition authority. >> you agree with that? the principleob of the good government is to give authority to the competition? >> think that competition is healthy. i have a question sir richard. people like to blame the political system of the united states for being corrupt and saying that lobbyists are what is wrong with all of america, right? i have a question for you. i have a question for you. do you have aç lobbyists that goes out and advocates on your behalf in front of the u.s. government to get your plane's slots into the u.s. airports? >> if we don't, we should. i actually don't know.
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it sounds like -- it sounds like these things do work in america. but hopefully, a good competition authority should not -- you know, should be alove lobbyists and should be really working out what is best for the consumer. it is not just in the interest of the consumer, it is ba and american, for instance, allowed to compete, they will be that much more efficient. they will compete in the quality and products, as well as on fares. if they are allowed to act as one. you know, we -- what is the incentive to get them to get out there and improve their services. yesterday as a matter of interest, i was at nasa where you know, i watched the magnificence of the second to the last shuttle taking off. you know, it cost a billion dollars, which went up yesterday. you know, an enormous amount of
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money. and you know, if the space industry had been allowed to open up to competition years ago, we would have been sending people into space at a fraction of the price that we do today. and governments you know shouldn't be running companies. they should be farming it out. but anyway, at least president obama realized that. and in the future we will have, you know, i think lots of private shays ship companies doing things for a fraction of the price that government has done it in the past. >> well i used up my allotted time, sir richard. the good news, however, is with your virgin galactic undertaking, apparently they have found a planet. have you heard of this graeson 851 d or something some. >> yeah we are delighted to have found that planet. again, that's theç advantage t private companies going out searching for these things. anyway, how did you get my telephone number?
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>> lobbyists. >> give us a ring any time. >> sir, richard, again, you know, you don't realize this. but years ago i snuck a little beacon into one of your sneakers and i've been tracking you ever since. you can't escape me sir. thank you for the time on the phone. >> sounds like i will look forward to in reverse. >> we will talk to him another time. maybe. we will talk to the three of you sooner than later in a couple of days and as far as everybody else is concerned, we will get to the news on this new planet that you can fly to on virgin galactic if it all works out. [ female announcer ] love the look of freshly colored hair?
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in an effort to give you the best network possible. at&t. rethink possible. next home sweet home. scientists in paris say it is the first confirmed planet that can support earth like life. the biggest key to our survival on the new planet, the fact that
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its atmosphere is thick enough to keep it warm enough to retain water. it has gravity twice as strong. which makes it difficult for you know like walking. it is perpetually dark on one side and perpetually light on the other. you have to live in the middle where it is this red-hughed desk dawn. that would be the high value real estate. it is 20 light years away. translation, it would take 300,000 years to get there, but that's only based on current technology. so until we come up with hyper space or something you know, mad or anti-mad -- i don't know how to do it. but once they figure it out we'll get there. until then, we're stuck here. next, the green revolution. he is barely old enough to get behind the wheel but we will introduce a teenager driving and
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her morning begins with arthritis pain. that's a coffee and two pills. the afternoon tour begins with more pain and more pills. the evening guests arrive. back to sore knees. back to more pills. the day is done but hang on... her doctor recommended aleve. just 2 pills can keep arthritis pain away all day with fewer pills than tylenol. this is lara who chose 2 aleve and fewer pills for a day free of pain. and get the all day pain relief of aleve in liquid gels. >> all the adults say, the kids are the future. but if there is no future, then what is there for the kids. >> if there is nothing for us to do now, our generation is going to stink. >> well what do you feel like when you're watching the generations before you destroy the planet that they claim you're about to inherit? one teen-ager's answer, anything
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he can. alec is a high school student leading a revolution with his i matter campaign already booking 145 marchs around the globe and just in case that's not enough, to get the government's attention, alec served them with legal papers. here to help us break it down the publisher of good magazine, ben goldher. ben what is this? >> it is exciting. i think people are concerned that public interest or at least the government isn't responding to the issue of the facts that are speaking to when it comes claimate change. what alec is doing is organizing lawsuits in each of the 50 states basically demanding there be anç atmospheric trust. that government is responsible for the quality of the environment that we all consume and enjoy and depend on and that there needs to be some floor for standards that kind of can dictate legislation around that. >> understood, alec joins us now.
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again, i matter march.org, if you want to learn more about it. alec, what motivates you? >> well, a lot of things. one thing is that you know, i found -- i have been kind of an activist for four years now and i found that climbate change is the most urgent issue of our time. my generation, the young people, we have to grow up and face the consequences if nothing is done today. i found in speaking, i have spoken to thousands of young people and i've seen that we are some of the most passionate and most dedicated and most you know, creative people on this planet. and this is our future we are fighting for. to see that energy of young people standing together, i feel that once we find out what we are passionate for and once we go for it, we can be the most powerful source of the world. that's one of the most inspiring things for me. >> that is ifrn credible. what has the government's
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response been? >> yeah, well, i mean, i've just kind of seen that one of the things with youth is we are the last group of people in the united states who don't really have any official political rights. we can't vote. we can't compete with corporate lobbyists. all we can do is trust our government to make good decisions for us. but you know it has become clear they have basically failed that. they have not been working to protect the atmosphere and planet for our generation or for future generations. they are not making good decisions with our survival in mind. that's the reason we are taking this legal action and basically suing the government for not protecting our right to grow up on you know, this planet that is sustained all of civillization.ç and not sure what the update is with the lawsuits yet. but they were filed in states all across america and at the federal level earlier this month. and the plaintiffs for all of the cases are young people and i'm the lead plaintiff for the federal case.
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we are just holding our government accountable for not taking action and letting them know that we matter and that our future matters just as much as money and power and anything else that makes decision now. >> if i was a preacher, alec, i would be shouting hallelujah right now. there is a performance index that ranks country's performance on environmental policy. iceland is number one. switzerland is three. coast reek is number three. japan is 20. america is 61. do have you any idea why that is? >> i didn't know about that. >> i think it is a position of priority, dylan. we seem to get our butts kicked by other countries in to many big issues. i think there are a lot of people in the government that will welcome a lawsuit like this. whether it is given any weight -- the supreme court
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throughout a case that utilities brought saying this is something for epa to deal with it. if no one will deal with it then maybe it needs to be an issue and legislation born from it. >> alec, did you say 61 is news to you? >> it is, yeah. i guessed that the u.s. would be further down than the scandinavian countries because our country is bought out by fossel fuel and big corporations but that is news. yes, it is something to work from. >> maybe convince you to watch tv yet, alec. >> yeah. go, the most important thing, if people want to help you, if they want to add density, add oomph, potency to what you are trying to do, how can they help you? >> we would love all of those things. one of the main ways is to go to imattermarch.org which is our website. there are over a hundred of
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these marchs. 140 planned already. people can sign up to lead a march on their community. you can get involved in all of the stuff we have planned. we are always looking for funding and help that way. but basically get involved and become an activist and find out what can you do to help and the website again is imattermarch.org. love to have your support. >> absolutely. have you mine. again, in defense of the american atmosphere, and the world's atmosphere i really should say, i can't think of a more honorable cause than that. it is absurd we even have to take it up. ben, thanks for drawing our attention to it. alec congratulations on your so far. we will keep track of you you. imattermarch.org. pp. chris in l.a. with realtimes with bill maher. but first, we knew them when. the story pirates are back to
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tell us about their newest adventure. oohhh...my back. [ ding ] [ in korean ] how may i help you? do you have something for pain? ♪ oh, bayer aspirin? oh, no, no, no... i'm not having a heart attack. it's my back. trust me. it works great for pain. [ male announcer ] nothing's proven to relieve pain better than extra strength bayer aspirin. it rushes relief to the site of pain. no matter where you're hurting. thanks for the tip. [ male announcer ] for powerful pain relief, use bayer aspirin. and coming soon. bayer advanced aspirin. re-invented for faster pain relief.
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>> suddenly kids, if front of your eyes stealing your pensions is legalized. >> oh, the story pirates. last year giving us a very special education on the financial crisis. and since then, they've hit the big time. the group encourages creative writing by performing over the top stories written entirely by children. they have expanded to los
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angeles, were featured on nbc's nightly news and on friday will do a fund-raising with none other than jon stewart who calls their performances crazing entertaining. three story pirates join us now. ben gentleman man, rolo and funky feline. >> thanks for having us, dylan. >> we will start with jamie. people are learning what you arç doing jamie. educate is again. who are you and what are you doing. >> we are the story pirates and we work in schools across the country. about 1550 schools -- about 150 schools between new york and los angeles. >> we take the stories and crumble them up and throw them they they are alive then we clas them. >> not exactly what we do.
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we write stories. >> they do. >> we takes the stories and put them in glass bottles and throw them in the ocean and whichever ones come back, we take those and perform those. >> are you still doing that, rollo. >> so the deal is some stories get made and others don't depending on the tidal pattern. >> we take stories written by kids and give them to funniest actors and comedians and musicians and they turn it into a big sketch comedy musical and perform them for the kids who wrote them. >> whether they get crumbled up in the water -- >> i don't know what they are doing -- >> we will dive of a tlem. >> i like to swim. >> you are wearing the story pirates logo. >> this is our skull and cross pencils here. >> that is skull an cross pencils. that's pretty badass. that is scary. then they know you mean business. your motivation in all this is teaching. >> we want to get kids excited
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about their own words and ideas. we are at heart an education company. the way we do that is we get kids excited through entertainment. we work in like i said 150 schools around the country. we bring in teaching pairs. they are dynamic teachers. we pair up the best teachers with actors and comedians. we try to hook kids and get theç hooked on being life-long learners. >> how did you get jon stewart's attention? >> well you know, we came to one -- we do birthday parties too and he came to one of the birthday parties with this kid and he said he liked it so much. he even mentioned us on larry king. can you believe that? >> that's pretty -- that's a big deal to get mentioned on larry king by jon stewart. that never happened to me. jon stewart's never gone on larry king and mentioned that, i'll tell you that.
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>> we watch your show. >> no be i understand. i'm not a fan, i'm just saying it is a big deal. you have a big event at the end of the week with jon stewart. is larry king going to be there? >> i think will be past his bed time. >> you are raising money i presume? >> our biggest event of the year. we are raising money to do he programs in low income schools. we've got a great lineup. jon stewart, cristin and john oliver of the daily show it'll be a killer event. >> lou reid? >> yes. >> that's pretty awesome. i'm excited about that. >> i love his records. >> if people want to learn more about what people are doing with this whole skull and cross pencils. >> check out story pirates.org. >> story pirates.org. i strongly recommend at the very least that you learn more about what these guys are doing. and at the very most, hire them for a birthd

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